The creator of the now-defunct Turkish crypto exchange Thodex, Faruk Fatih Özer, was found guilty of cheating 400,000 users out of nearly $2 billion in bitcoins and received a sentence of 11,196 years, ten months…
Cryptocurrencies have revolutionized the financial landscape, expanding rapidly across the globe and becoming an integral part of the modern digital economy. From Bitcoin to Ethereum, these digital assets have not only transformed the way we…
Crypto Exchange Giant Kraken Shuts Down its Abu Dhabi Branch: What Lies Ahead for the Crypto Market?
Did you know that the recent Kraken crypto market crash has dealt a significant blow to the United Arab Emirates’ bullish stance on cryptocurrency? Amid this challenging landscape, renowned crypto exchange Kraken has made headlines…
The rapid growth of cryptocurrency in the past few years has opened up the gate for many cryptocurrency scams to exist today. Scammers want your crypto and are desperate to obtain it like they would with…
Bybit has opened its global headquarters in Dubai : Founded in 2018, Bybit is a cryptocurrency exchange that provides a professional platform with a high-speed matching engine, first-rate customer care, and multilingual community support for cryptocurrency…
Coinbase Execs Explore UAE to discover the potential of a “Strategic Hub” for international operations: US crypto exchange firm, Coinbase has mentioned the United Arab Emirates (UAE) as a potentially important location for its intended…
Seychelles-based crypto exchanges start a $100 million fund for Asian Web3 startups : More cryptocurrency projects have begun operations in non-US territories, including the Middle East, Asia and Africa. Recently, Bitget, a Seychelles-based crypto exchange,…
The Story Behind Blockfi Filing for Bankruptcy: BlockFI officially announced its Chapter 11 bankruptcy filing on November 28, following “significant exposure” to FTX exchange and its sister crypto hedge fund, Almeda. Indeed, it has been a…